Turnkey Tri-Plex – Renovated, Cash-Flowing, and Energy Efficient This fully renovated tri-plex is a standout investment opportunity offering strong cash flow, modern updates, and energy-efficient upgrades. Built in 1900 and thoughtfully updated, the property includes one 2 bed/1 bath and two 1 bed/1 bath units—each featuring fresh paint, new carpet, and fully remodeled kitchens and bathrooms. In addition to cosmetic and structural updates, the attic and basement have been fully insulated, cutting propane heating costs by half and boosting long-term operating efficiency. Tenants enjoy a shared laundry room, and a large backyard storage shed provides added utility or potential for extra income. Property Highlights: One 2BR/1BA unit and two 1BR/1BA units Recent upgrades: kitchens, bathrooms, flooring, and paint Fully insulated attic and basement — 50% reduction in propane bills Common laundry room Large storage shed in backyard All major systems updated — no deferred maintenance Stable tenants and positive monthly cash flow Ideal for investors or owner-occupants This property is a true turnkey asset—updated, efficient, and income-producing from day one. Don’t miss your chance to own this high-performing real estate investment.
Off market
$194,400
909 Hubbel St, Kelley, IA 50134
4beds
2,176sqft
MultiFamily
Built in 1900
-- sqft lot
$194,400 Zestimate®
$89/sqft
$1,140 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced air, Propane / Butane
Cooling
- Other
Appliances
- Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Linoleum / Vinyl
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 2,176 sqft
Property
Parking
- Total spaces: 4
- Parking features: Off-street
Features
- Exterior features: Shingle, Vinyl
- Has view: Yes
- View description: City
Lot
- Size: 7,269 sqft
Details
- Parcel number: 1305200280
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 1 1/2 Story
Materials
- Frame
- Foundation: Concrete Block
- Roof: Asphalt
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public
Community & neighborhood
Location
- Region: Kelley
Other
Other facts
- Floor: Carpet, Laminate
- Heating: Forced Air, Natural Gas
- Possession: As Agreed
- Sewer: Public
- Water Heater: Gas
- Water: Public
- Age: 51+ Years
- Cooling: Window Unit
- Parking Spaces: 1 - 5 Spaces
- Street Suffix: STREET
- Foundation: Concrete Block
- Exterior: Vinyl
- Basement: Full
- Architectural Style: 1 1/2 Story
- Type: Triplex